GrubHub Inc (NASDAQ:GRUB) CEO Matthew M. Maloney sold 30,000 shares of GrubHub stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $54.87, for a total value of $1,646,100.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of GrubHub Inc (NASDAQ:GRUB) traded up 2.89% during mid-day trading on Wednesday, reaching $56.29. The company had a trading volume of 1,497,297 shares. The company has a market capitalization of $4.86 billion and a P/E ratio of 82.78. GrubHub Inc has a 12-month low of $32.43 and a 12-month high of $57.26. The firm has a 50-day moving average of $49.69 and a 200-day moving average of $41.97.

GrubHub (NASDAQ:GRUB) last issued its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. The company had revenue of $158.79 million during the quarter, compared to the consensus estimate of $158.13 million. On average, equities analysts anticipate that GrubHub Inc will post $1.10 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of GRUB. BlackRock Inc. increased its stake in shares of GrubHub by 75,703.7% in the first quarter. BlackRock Inc. now owns 5,080,365 shares of the information services provider’s stock valued at $167,094,000 after buying an additional 5,073,663 shares during the period. Alliancebernstein L.P. increased its stake in shares of GrubHub by 1,761.3% in the first quarter. Alliancebernstein L.P. now owns 2,343,605 shares of the information services provider’s stock valued at $77,081,000 after buying an additional 2,217,695 shares during the period. Carmignac Gestion increased its stake in shares of GrubHub by 55.4% in the second quarter. Carmignac Gestion now owns 4,976,545 shares of the information services provider’s stock valued at $216,977,000 after buying an additional 1,773,959 shares during the period. Clearbridge Investments LLC increased its stake in shares of GrubHub by 132.0% in the first quarter. Clearbridge Investments LLC now owns 2,596,093 shares of the information services provider’s stock valued at $85,385,000 after buying an additional 1,477,241 shares during the period. Finally, Caledonia Private Investments Pty Ltd increased its stake in shares of GrubHub by 14.0% in the first quarter. Caledonia Private Investments Pty Ltd now owns 9,582,509 shares of the information services provider’s stock valued at $315,169,000 after buying an additional 1,174,124 shares during the period.

Several brokerages have commented on GRUB. Oppenheimer Holdings, Inc. lifted their target price on GrubHub from $52.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, August 24th. Wedbush reaffirmed an “outperform” rating and set a $54.93 target price (down from $63.00) on shares of GrubHub in a report on Wednesday, August 23rd. Canaccord Genuity reaffirmed a “buy” rating and set a $50.00 target price on shares of GrubHub in a report on Thursday, August 10th. BidaskClub raised GrubHub from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $54.00 target price on shares of GrubHub in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $49.41.

About GrubHub

Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.

Insider Buying and Selling by Quarter for GrubHub (NASDAQ:GRUB)

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